Owens-Illinois Earnings Outlook Buoys Its Shares

Wednesday, 11 Apr 2012 04:50 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Owens-Illinois Inc. rose the most in more than four months after the glass-bottle maker said it may report a 35 percent increase in first-quarter earnings per share, compared with a year earlier, on higher prices and lower costs.

Shares advanced 6.9 percent to $23.52 at the close in New York, the biggest gain since Nov. 30. The stock has gained 21 percent this year.

The Perrysburg, Ohio-based company said in a statement Tuesday it plans to hold an earnings conference call on April 26.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved